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Search Results 74 to 173 of about 1,284 (some duplicates have been removed)
CSPAN
Jan 17, 2013 8:00pm EST
downturn. the problem is the program has not worked well. it is not tied to the condition of the economy. it needs to be fixed. roseanne. -- >> roseanne. >> i am inspired. i want folks to understand they have to engage. they cannot trust those in washington d.c.. we have got to take control in our democracy. i want to talk about the fact this goes back to unemployment. it is a very easy read. it cuts to the chase in terms of facts that there are programs to get through and get 100% employment. do not discount america. take control of america. [applause] >> i forgot to mention, the book is called america's poor and the great recession. ideas about what democrats and republicans can agree on. speaker gingrich. >> thank you for assembling an amazing group and a fascinating evening. i hope everybody found it as intriguing as i did. it is clear our institutions and poverty -- institutions are not working. there is a need to rethink from the ground up and use all of the various technologies. then have a conference at the end and then give a major speak. i think we do not have the solutions in
CNBC
Jan 17, 2013 7:00pm EST
's my challenge to everyone. instead of just a 2% economy, why can't we do so much better and get to a 4 or 5% growth economy? president obama has still not adopted progrowth policy. here's another thing. i'm not the only one who wants the president and congress to significantly cut spending. i mean, significantly. it would be progrowth and no more tax hikes by the way. spending and the debt are the top issue of concern for voters. look, these heinous mass murders are not about weapons. question -- why isn't anyone tackling the really tough issue that may be the root causes of these atrocities? such as broken families, such as the absence of fathers who set examples for their sons? such as the loss of faith in our schools? such as our homes and our culture that have lost faith as well. tonight, we are going to talk about the family values breakdown in america. "the kudlow report" begins right now. another key point tonight. for most of the history, america drew at 3.5% per you. the last dozen years however, we have dropped below 2%. and the so-called obama recovery is just a tad above th
CBS
Jan 20, 2013 10:30am EST
, the first priority, bob, is obviously to continue to grow the economy, focus on the middle class, and getting people in the middle class. that's the core mission of the country. we've, obviously, are beginning to recover from the recession, but we have a lot more work to do. but if you look at some-- yes, we have some political divisions in this country. there's vast support out there for balanced deficit reduction, investments in education and manufacturing, immigration reform, gun safety. so on the issues the president intends to really push and focus on, there's massive support in the country, even among republicans. let's not lose sight of that, and that's why we're going to do a better job in the second term-- while we're going to do all we can to work with congress and negotiate, to also make sure the american people are connected to what's going on here. i think to really get the kind of change here in washington the american people are going to demand it. but there is really, i think, consensus around eye lot of the issues around the country >> what about the idea the rep
FOX Business
Jan 18, 2013 1:00pm EST
to do is have that take place when the republican position on the debt takes the economy hostage. that is off the table. i think the president is smart to be firm and clear on that. next time it would be democrats if we had a republican president. ashley: would you agree, i know it is out of your area, but the senate has not passed a budget in four years now. would you agree with republicans that it is not the way to go and i could, in fact, be breaking the law without i do agree with them. we actually have not passed the budget. i am with them on this concern about our inability to actually do the basic work that a legislature must do. ashley: i know bernanke, timothy geithner, rating agencies and many more states what is the point of a debt ceiling? we routinely raise it anyway. what is the purpose? >> there is no purpose. the debt ceiling has become a device for fiscal irresponsibility. republicans and democrats both dated. senator obama voted against the debt ceiling increase. if we have this credit downgrade, and we had a credit downgrade, as you know, last august. we have t
LINKTV
Jan 16, 2013 5:30am PST
to revive the struggling economy. their economy has been hit by western sanctions over its nuclear program. president ahmadinejad. >> it is an election year. ahmadinejad used most of his time in parliament to defend his government post policies and to talk about how because of his government the country has advanced in just about every sector over the past eight years. but that is not what people wanted to hear. it wanted to hear about the economy and what he plans to do to fix it. in the past eight years, but prices have jumped on just about everything, but the value of the currency has dropped about 70%. the president blames international sanctions against iran's central bank and oil- based economy. he said sanctions are putting pressure on the people and that's what the enemy wants. >> they are against the constructive plans of the parliament, country, and the nation, but they make other excuses for their actions. they're just against iran pose the advancement and impairment. prezioso took shots at his critics and the wallpaper. he said part of the problem with the economy is that the w
SFGTV2
Jan 20, 2013 7:00pm PST
in a global cloueconomy. it has altered local economies because so many manufacturing and technology jobs are moving, whether it is a matter of costs for going where the trained work force is. we're fortunate to have to governors here to talk about how that change affects their jobs and what they're doing to jump- start their economies which compete with one another. this could be fun. let me start with our guest. governor hickenlooper. i knew that was going to happen. most of us here are pretty much aware of california's budget crisis. can you give us a quick briefing on where colorado is and what you are trying to do to turn things around? >> our budget is just as dressed as almost every state in the country. we have been working trying to control costs, get our pension funds in line, our state employees have not had a raise in four years. it has been difficult all the way around. the real challenge has been to try and turn public sentiment and get people to recognize it without a strong economy. it will not solve any of these problems. we have been relentless in what we did, the bottom
SFGTV2
Jan 21, 2013 11:30pm PST
in the valley, sacramento, or in d.c., that would strengthen the innovation economy? >> i could go on about immigration and corporate tax policy reform, but i am a researcher, so i will not. >> and we have seven minutes. >> mayor lee said it perfectly. the fundamental thing that companies are looking for is to be engaged in the process. we use a term in computing called agile. we look for more ability and the possibility to work with us, iterate in the process, rather than what we often see as we call the waterfall, take-it-or- leave-it. flexibility and agility is what is most important. >> mayor lee? >> i have always thought of our city as being the gateway to the rest of the world. i have often talked, with companies, i want to be with you when you turn the corner. we want to be the city that treats international markets for your products. i do not know if you know this but we have 70 counsel general offices in san francisco, the highest number outside of washington, d.c. we want to make sure that our companies know we are not just in it for san francisco, the region. we have to tap inter
WHUT
Jan 18, 2013 7:00am EST
second performance? >> yes. >> slowing down but not stalling, can beijing deliver a goldilocks economy? not too hot, not too cold. and jimmy robertson is here with our business news. >> we will have the latest on the dreamliner investigation and the leaking battery that has grounded boeing's entire dreamliner fleet. >> is 12 noon in london, 7:00 a.m. in washington d.c. -- washington, d.c., and 1:00 a.m. in algeria where dozens of hostages held by al qaeda militants remain mired in confusion. the crisis is being played out in and around the sprawling gas production facility seen here in a satellite image, which was attacked by gunmen on wednesday. yesterday, the algerian forces launched an assault, apparently triggered to leave the compound reported and with many british nationals of risk, the prime minister david cameron has offered his support to the algerian government collects from the outset i have -- >> from the outset i have said we will stand against these terrifying force is, but i also stand for the support of hostages. i offered intelligence support including hostage negotiat
FOX News
Jan 22, 2013 1:00pm PST
on the global stage. what we need are people prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university, we're teaming up with companies like cisco to help make sure everyone is ready with the know-how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu/knowhow. ♪ at devry.edu/knowhow. itbut sleep train's huge foyear eends sunday. salels, get beautyrest, posturepedic, even tempur-pedic mattress sets at low clearance prices. save even more on floor samples, demonstrators, and closeout inventory. plus, free same-day delivery, set-up, and removal of your old set. don't wait, sleep train's year end clearance sale ends sunday. superior service, best selection, lowest price, guaranteed. ♪ sleep train ♪ your ticket to a better night's sleep ♪ >> neil: all right. in the middle of earnings season, we don't give you every one, but we try to give you the ones that are cons quential or meaningful, google is considered such a barometer for t
MSNBC
Jan 18, 2013 10:00pm PST
lost the election, you can't just crash the economy if you don't get your way on the budget. this is, of course about the debt ceiling which smart republicans know full well is a trap for the gop. newt gingrich no stranger to setting up high-stakes showdowns with candidates, put it pretty clearly on joe. >> they have to find in the house a totally new strategy. i mean confronting -- everybody is talking about okay, now here comes the debt ceiling. i think that is frankly a dead loser, because in the end you know it is going to happen. the whole national financial system will come into washington by television and say oh, my god, this will be a gigantic heart attack, the entire economy will collapse, you guys can't be responsible. >> the only problem for john boehner and company, you couldn't just tell them they can't. they wouldn't accept that. so at the retreat this weekend, house republican leaders have been trying to coax their leaders down from the tree, not all the way, not completely on to solid ground, but maybe on a more secure branch. house majority leader eric cantor said n
CNN
Jan 20, 2013 3:00pm PST
. it was hope. it was change. as this president begins the second term, still a sluggish economy, a polarized political environment, what is the number one challenge as he prepares to address the american people tomorrow? >> well, i still think it is about the hope of the american people, and it is still historic, the second inauguration of this president. but at the same time, obviously, it's going to be working with congress to get the economy moving, moving forward in terms of the big initiatives that the president considers to be so important with regard to immigration reform, implementation of health care reform and making sure that everybody has an opportunity, has a shot at the american dream. >> you mentioned health care reform. you know, republicans would say he did that first last time. he got in our face. that ruined the environment. i know each side blames the other side. i don't want to revisit history, but as the president picks his order this time, republicans have, for example, shown a willingness to work on immigration. should he do immigration before gun control, try to coop
MSNBC
Jan 18, 2013 11:00am PST
economy hostage. if the house can pass a clean debt ceiling increase and meeting the existing obligations we will be happy to consider it. here we are as i said three days before inauguration and it looks like another fight that the republicans are not prepared to it seems to follow through on despite the threats. >> zachary and i were having a conversation in the green room and i said i don't understand the meaning of a second inauguration for the president. i get it now. the reason we need another inauguration is apparently one party doesn't understand we had an election in november and they lost. which means that you move on and you let the president be the president of the united states. these guys still want to fight the old battles of 2012. >> but they're giving this extension now. >> a three-month extension. the white house should tell them to go shove it. you can't run a government three months at a time. you have to have a long-term planning. bad for the markets. bad for the country. bad for the economy. let's make clear, definitive decisions. you lost. let's come together and co
MSNBC
Jan 18, 2013 5:00pm PST
. >> they will not collect a ransom in exchange for not crashing the american economy. >> the republican game of chicken is over. eric cantore proposes a three-month deal on the debt ceiling. some democrats are calling it a trap. i'll ask dnc chairwoman debbie wa wasserman schultz what she thinks. democrats are about to drop the ball. tonight, my message to senator harry reid. plus the american people are getting ripped off by a congress that just isn't working. congressman rick nolan, there 30 years ago. he is back now and he can't believe the difference. he is wondering, are we get iti paid for this? >>> is it really an admission of guilt if you don't show any remorse? >> it did not even feel wrong? >> no. it's scary. >> did you feel bad about it? >> no. even scarier. >> psychologist dr. jeffrey gardere on lance armstrong's bizarre performance last night. >> good to have you with us tonight, folks. thanks for watching. republicans surrendered today in one of his biggest fights. president obama warned republicans about taking the debt ceiling hostage. it looks like they heard the message. >> the financ
FOX News
Jan 16, 2013 11:00pm PST
on the gun control laws they haven't been busy working on the economy. they have also been busy demonizing their opponent. take a listen to president obama and his tone today at the press conference on gun control. >> this will be difficult. they will warn of ta tyrannical all-assault on liberty. not because it's true but they want to gin up fear for higher ratings or revenue for themselves. make sure nothing changes whatsoever. >> andrea: all right. so that was a little tasteless at a press conference like that. the economy is hurting. i want to read a couple of headlines on the economy to give you pause while the fun debate is going on. one, ranks of working poor is increasing. workers are raiding the funds to pay the bills. thaw may downgrade the united states. greg, does he not want to deal with this? >> greg: this is a real issue. this speaks to two different cultures in the united states. it's a prescription of xanax. you can have your gun, protection and security. lefties like john stewart paint gun owners as paranoid, the same time on sunday that bob schieffer likens obama's battle
FOX News
Jan 20, 2013 3:00pm PST
and will likely hear tomorrow. >> the more things hope and change, the more they stay the same. >> our economy is badly weakened and health care is too costly and schools fail to many. these are the indications of crisis. a nagging fear that america's decline is inevitable and the next generation must lower its sights. >> the speech he could give word for word again right now because so little has changed. in that speech he talks about wanting to end two wars, too many people are out of work, reaching out to the muslim world, reforming our schools. there are all kinds of redundancies he can thought go back to. >> supporters including his most ardent factor, hold the view the second address will be fundamentally different from the first address, not because he is hemmed if by similarities between today and four januaries ago but because the nation is in a fundamentally different place. >> this economy was losing 800,000 jobs a month and a lot of folks wondered whether we were headed for another great depression. do you hear me? this is what he faced on day one as president. >> as you know, he t
CSPAN
Jan 18, 2013 6:00am EST
such a strong economy, how can science correct this issue? because without cracking this issue i think having an illiterate society, a scientific illiterate society that affects the market demand for the science to come about. my friends who are not that scientifically aware, they just want a faster phone and want more pictures on facebook and they want a faster internet connection. what they don't want is a unified theory of physics. they don't want more nasa funding or anything about life. how this -- can science alone fix this problem or is it a bigger problem to society itself? >> huge issue. >> science can't fix big problems like that. they can help but i think the best thing scientists can do is make it more interesting in grades before imagination and creativity have crashed. largely -- 90% of the people educated -- that's what i never took a course in english at the university because i feared the deadening effect of the conventional view of literature. i'm glad i did it. i took the examination. >> it worked out pretty well for you. >> exactly. i'm how to write and i have my own idea
CNBC
Jan 18, 2013 6:00am EST
's stories. the big one, china aes economy rebounding in the final quarter of to 12. growth to 7.9%, up from 7.4% the appreciate quarter. economists do caution, though, that a chinese recovery is likely to be gradual and weak to drive a global rebound without improvement in the u.s. and europe. also, the fate of dozens of hostages in algeria is still unknown. the algerian military stormed a gas field where the workers were being held. six people if not more are believed to have been killed. >>> a team of experts from boeing and the aviation experts are arriving in japan today. today the japan transportation safety board released a picture of the battery. they said the battery was blackened and carbonized, had a bulge in the middle and weighed 11 pounds less than normal. >>> and the interview everybody is talking about, i stayed up late to watch it, lance armstrong telling oprah that he cheated. >> in all seven of your tour de france victories, did you ever take banned substances or blood dope? >> yes. i view the situation as one big lie that i've repeated a lot of times. i'll spend the rest
FOX News
Jan 21, 2013 5:00pm PST
. rather than focusing on america's vexing problems like an exploding debt and a weak economy, mr. obama put forth that the nation's top priority must be imposing social justice. >> we must make the hard choices to reduce the cost of healthcare and the size of our deficit. but we reject the belief that america must choose between caring for the generation who built this country and investing in the generation that will build its future. [ applause ] for we remember the lessons of our past when twilight years were spent in poverty. parents of a child with a disability had nowhere to turn. we do not believe that in this country freedom is reserved for the lucky. talking points disagrees with president obama's priority. although. impossible to do what the president wants to do. in short, prosperity. can't be done no matter how much money you spend. much more effective is building a strong society based upon a robust free market and effective, effective social programs. that provide opportunity rather than charity. as the president should know by now. the federal government cannot provide fo
CNBC
Jan 15, 2013 4:00pm EST
as well as the global economy. according to rex macy it is. he thinks there's a good chance that risk fears will rise and, therefore, the market will pull back. will that be the moment for investors to get in. good to see you, gentlemen. thanks so much for joining us. what are you expecting in terms of this market 2013? >> sure. well, right now we're at 1472 on the s&p. we think it's going to go marginally higher from here, but it's not going to be a smooth ride. we've got a vix at 13 and change. that's too low. that's where the complacency comes from. you see it there. as we move into the debt ceiling debate, it can be far harder to solve than the taxes, we think the market can be down for a while, and before it comes back up. >> so you're looking for a decline, and perhaps that is an entry point for some. do you agree with that? >> i think any decline is an opportunity to buy, maria. i'm very, very bullish on u.s. equities and one of the main reasons i am the u.s. energy story which i think is a story that's not being told as well as it should be. in 2012 the u.s. oil production was
CNBC
Jan 18, 2013 3:00pm EST
and spending cuts which could embroil the economy and stock market in a new round of uncertainty but it kicks that can down the road, so is that why stocks are a bit tempered today? we'll take a look at that. the dow right now up 12 points. we are flirting with those five and a half year highs, 13,610 and change would be that five and a half year high so we're just pleau that right now. the nasdaq down another eight points at the moment at 3127 and technology among the groups suffering today. the s&p, again, here we go again. any positive close for the standard & poor's 500 would be another five and a half year high for the s&p. let's take a closer look at the markets in today's closing bell exchange with our guests. andres, you and i were talking about the markets earlier. what do you think? getting ahead of ourselves with the rallies we've had so far this year. >> earnings matter, and we're in earnings season. to a certain extent we might see some consolidation in the short term. if we look at valuations, still looks attractive or trading 13 times future earnings, 12 months ahead. the avera
FOX Business
Jan 16, 2013 4:00pm EST
is happening over in europe. germany seeing a contraction in their economy. whether or not it is a recession still a little too early to say. as a result of what is happening in europe these stocks are down. gm was down over 4% today, big loss for the car companies because of europe. liz: and two vix etfs, volatility exchange traded funds, hitting new 52-week highs. even though the volatility index continues to tumble. what you see are two where you can make bearish bets on the vix, that would make sense, right? xiv, as you see. we've got them moving higher today. david: the battle over the debt ceiling and paying the bills that d.c. is racking up continues. representative jerry nadler, happens to be my representative, he is looking to stop future fights. he has introduced legislation to end the debt ceiling debate by getting rid of the debt ceiling all together. but would that give too much power to the president? that is the argument. that is the debate. we'll take you and jerry nadler there coming up. liz: germany's central bank pulling some of its gold out of new york and paris. we have
MSNBC
Jan 20, 2013 2:00pm PST
and track called sentra an economy car minus the look and feel of an economy car. wonder how civic and corolla look and feel about that. the all-new nissan sentra, with best-in-class mpg. lease for $169 per month. visit choosenissan.com. >>> for two-term presidents, their >>> for two-term presidents, their second inaugural is often a chance to outline the new visions and attempt to emphasize the successes of their first term with an eye towards shaping their place in history. throughout the past 226 years only 16 presidents have delivered two inaugural addresses. we put the speeches of the last three two-term presidents through a word cloud to see what themes they chose to emphasize. by looking at the words they used the most, we can get a sense of the legacies they wanted to leave. president reagan who at the first inaugural famously claimed that government wasn't the solution, but the problem aimed to underscore that principal by using the word government 16 times. >> that system has never failed us. but for a time, we failed the system. we asked things of government that governm
LINKTV
Jan 22, 2013 5:30am PST
for a possible coalition party. they are making the economy their main issue. shimon peres will decide whether to give binyamin netanyahu the first chance of forming a coalition. that is a process that took five weeks after the last election. let's talk about the situation after the election. it sounds like putting together a coalition will be tricky. >> it appears so. the last government all molested two years. then the labor party pulled out . in this case it might be even more complicated. binyamin netanyahu, if he is given the first nod, will have 28 days to form a coalition. then he has another 12 days. the question is whether some other party will be asked to put together a coalition. any kind of coalition would veer to the right. if he could do that with a minimum of cooperation would be his preference. >> thank you for reporting to us live from jerusalem. you can see our front page at zeera.com. the first explosion was caused by a car bomb about 30 kilometers south of baghdad. no one has claimed responsibility. activists are reporting two large explosions on the outskirts of damascus.
SFGTV
Jan 17, 2013 4:30pm PST
-class people, people who are working and paying taxes. we need to have them here for a functioning economy. i am looking for ways to fund more of that kind of housing, particularly for a central employees like teachers, nurses, first responders. we need to make sure that our development is a transit- oriented. we do not want to encourage suburban sprawl. we want to do infill housing so that people can live near where they work and near public transportation. >> let's talk about public transportation. is there adequate muni service in your district? what is the parking and traffic situation like? >> muni is not near where it needs to be. in the caster, we have the subway. -- in the castro, we have the subway. a can be terrific or frustrating. we are next to the bart line. in other parts of the district, is unreliable. the writeridership is lower bece of unreliability. other lines are not as frequent and people not think of using them. we have a particular problem in diamond heights. the neighborhood is served primarily by the 52 line. it is incredibly unreliable. the buses miss runs-------. fo
CSPAN
Jan 16, 2013 9:00am EST
on the order of one, 1.5% visual, quite significant drag on economy. at the same time with quite a bit to do to address our long-term sustainability issues. a lot more work to do, let me be very clear about that. but it's going to be a long haul. it's not going to happen overnight. basically because the government budget represents the values and priorities of the public, and decisions been made about what to spend on, what you tax and so on are very difficult and contentious decisions that will take some time to address. >> well, those is to use -- those issues of course are not the specific purdy of the fed, and so why do we shift gears and talk more specifically about some things that the fed is doing and things that the fed might do. perhaps a way to introduce that is to say that the fed of course is keeping interest rates at close to zero since roughly 2008, and it dug pretty deep into its arsenal, more recently in terms of in particular the very massive asset purchases recently launched its third round, which are intended to bring long-term interest rates. can you tell us how well you
Comedy Central
Jan 16, 2013 11:30pm PST
demonizing the banks. they've not destroyed the world's economy for over four years. the attacks keep coming. hsbc targeted bay justice department witch hunt over a few minor infractions. >> hsbc admitted today that it covered up illegal transactions for burma, iran, sudan, cuba and libya. those nations were under banking sanctions because of human rights atrocities, terrorism or in iran's case, a nuclear program. >> stephen: big deal. [ laughter ] it's not like hsbc was the one enriching plutonium, they were just enriching themselves. there's just one other thing. >> it laundered more than $800 million for mexican drug cartels. >> hundreds of thousands of u.s. dollars daily deposited to hsbc mexico using boxes specially made to fit through tellers windows to speed transactions. >> stephen: okay, but how was hsbc supposed to know the big specially made boxes the cartels were dropping off were full of drug money? they could have just as easily been filled with human heads. [ laughter ] turns out it was drug money and once they were caught, hsbc was slammed with a $1.9 billion fine. $1.9 billi
KICU
Jan 21, 2013 4:00am PST
in 2012. i don't think you are going to get quite the'e got to get the money working in the economy. think about it: no one really thinks we can get back to all-time highs, even though we had a good year in most mutual funds, indexes and general stocks last year. so there is a lot of skepticism that we can get going. but you heard my targets right here. > i love that i heard them here. so it is all about the indices. but are there individual stocks that you would buy at this level? > > the past few years a lot of people have been focused on sort of special situations, especially mining stocks, commodities, and natural resources. but i think it is sort of the all-americans, your procter & gambles, your american expresses, so don't forget your financials and your health care stocks. get that waiting back up to where it should be. > all right matt. we have your call on tape. we will play it back at the end of 2013 and see how you did. > > i will see you in 365 days. with no presidential election, no stimulus programs on the horizon and healthcare reform upheld, 2013 should be smooth sailing f
PBS
Jan 18, 2013 2:30pm PST
cheating? >> still to come on tonight's program. china's economy is not as hot as it used to be. it has the government is scrambling to find a new spark. onstage, the ballet world is known for its beauty and grace. behind-the-scenes today, there has been a brutal force. the artistic director has been seriously injured after someone threw acid in his face. for more on the possible motive, here is our washington correspondent. >> one of the stars. he graces the famous stage. and still a high-profile figure. here he is with the head of the grand reopening of the theater just over a year ago. but last night, he was attacked outside of his apartment block, and and and amassed through asset from the bottle into his face and fled. he received serious burns and was rushed to hospital. doctors had been battling to save his sights. today, a deep sense of shock. >> impossible. how it isderstand possible. >> why was he targeted? one theory put forward by the ballet is that he made enemies in his role of artistic director. >> he is the one that decides so many things and every time a decision is mad
SFGTV2
Jan 21, 2013 11:00pm PST
can be we are going to talk about silicon valley and the bay area innovation to the economy today. as you look at the panel, talking about the silicon valley, we have the mayor of san francisco. it will come into perspective, that when you have a giant like ibm anchor here in the valley, you are seeing in between companies like google and apple and facebook with incredible growth. in san francisco, mayor lee has welcomed to the fold in twitter, zynga, companies that are into cloud computing, hiring lots of people that not only want to live and work in the valley but recognize san francisco as being part of the valley. we are, indeed, fortunate, from san jose to san francisco, to be part of the innovation economy. we are finally seeing once again california's innovation is leading us out of the last three years of recession. i do not know about you but i am pretty tired of the recession. i made a statement several years ago that it was about time for an adjustment to the economy, things were too expensive, overheated. two years after that, i regretted making that comment. it was gr
CNBC
Jan 16, 2013 3:00pm EST
hurting the economy, delaying hiring plans, capital investment plans and really everything from auto dealers in cleveland to farmers down in texas have cited the fiscal cliff as a major concern. that's something that's influencing their decision making right now. >> you would expect that given the fact that everybody is in lockdown mode as we wait to figure out what our tax rates are going to be, where the spending cuts are going to be, that it is going to impact the economy. my question is how much of an m impact going to see earnings? are they going to get hit? >> that's the key to the whole thing. as we said, the beige book numbers, when they came out there were cents. see earnings coming out, we will see comments and none are going to be positive. none will be excited about the future, and stock prices and multiples expand when people feel possible about the future. going to impact them? numbers might come in spot on. the whisper numbers, everyone is looking for, meaning hoping the numbers are a little bit bitter. i think as numbers come in, we'll start to see very little moveme
CNBC
Jan 18, 2013 7:00pm EST
the key message of deep spending cuts, not the message that deep spending cuts will help grow the economy and help create jobs. . . but i did hear no budget, no pay, aimed at democratic senators but then deemed unconstitutional, and an extension of the debt ceiling for about three months which is okay. . it doesn't really go to the heart of the matter. we're going to have a report on this whole story in just a moment. . meanwhile, better news, the stock rally continues up 54 points on the dow, 161 points for the week. get this, a 35% gain in the broad s&p 500. . just since early october 2011. that's right. it's like a stealth rally. it keeps on moving. we'll talk to a leading investment ceo a bit later in the program. . first up, in williamsburg, virginia, today, house republicans have agreed to take up the plan next week to extend the debt ceiling with some conditions. i think that's boring and uninspiring. let's go to the source of this cnbc contributor robert costa. . . i think it's boring, boring, boring. you tell why this is a great. are not attached to this proposal. very three mont
CNBC
Jan 22, 2013 3:00pm EST
is the economy is getting better. the equity markets have improved. standard & poor's 500 was up. the s&p 500 was up 13%, 14%, up 4% year to date. >> right. >> the economy is starting to show good signs. as long as we don't have it derailed in washington. >> i was just going to ask. >> i think things could get better. >> could washington still screw this up? >> absolutely. i don't think it takes much to have another debt ceiling debate and debacle would not be helpful here. i think there's so much minon the sidelines between the retail investor and the corporate america today, has so much money to invest. get rid of some of that uncertainty and this economy will go. i'm quite bullish about that. >> can you provide guidance for this year without knowing exactly what washington is going to come up with? >> we gave a range. we don't give guidance. we give a range on a conservative side and optimistic side. we're right inside that range. had a great start to the year. we're ahead of consensus. we her record asset gathering and record guidance sales and great control. had a great start. >> had a g
NBC
Jan 20, 2013 8:00am PST
to protect our water. billions in the economy. at chevron, if we can't do it right, we won't do it at all. we've got to think long term. we've got to think long term. ♪ a talking car. but i'll tell you what impresses me. a talking train. this ge locomotive can tell you exactly where it is, what it's carrying, while using less fuel. delivering whatever the world needs, when it needs it. ♪ after all, what's the point of talking if you don't have something important to say? ♪ >>> we're back. political director and chief white house correspondent chuck todd will take us inside the numbers of the latest poll as you tee up the second term, chuck. >> four years ago, enormous expectations for president obama. there were a lot of people, hope and change was big. this time, call it pragmatic hope as far as the public is concerned. as you see here, just less than 30% believe they're going to evaluate president obama with a clean fresh slate. 64% will evaluate him based on past feelings. and here, a continuation of a trend we saw throughout the first term. very similar to what ronald reagan dealt w
MSNBC
Jan 20, 2013 11:00am PST
can see here, look at the most popular phrases. a lot of them have to do with the economy. fix the economy. create jobs. then there's stop spending. and then of course probably the most important that he will talk about tomorrow, compromise, work together. >> chuck todd, thank you very much. >>> let me bring in the rest of our roundtable here. joe scarborough is here from msnbc's "morning joe." senior adviser to obama in 2012, the re-election campaign, david axelrod. chief foreign correspondent richard engel is here, safe and sound in studio. richard, it's great to see you in person this morning. "new york times" best-selling author of "team of rivals" doris kearns goodwin. in between awards shows she's joined us. and nbc news special correspondent tom brokaw. welcome to all of you. tom, that's where we tee it up. the president, as he begins a second term, very difficult climate in washington and very real expectations. >> yes. and i was looking at those top three priorities for the american people. and they all fit into his single most difficult task, it seems to me, both conc
FOX
Jan 21, 2013 2:00am PST
on the need to reduce the deficit in a balanced way that will help the economy grow, amongst democrats on the hill, and, a few republicans, the barrier to progress here is not the president. we need to see more republicans and congress -- in congress willing to compromise, even on revenues. >> chris: they say they need to see the president willing to compromise on spending cuts and entitlement reform. >> let's look at what we offered speaker boehner. it is public. $400 billion in health care savings we offered, and $200 billion of additional cuts in domestic spending and a trillion dollars in savings and look at where we started the negotiated process and the speaker, we went more than halfway. >> chris: is the president still willing to adjust the cost of living increase for entitlements, is he still willing to raise the eligibility age for medicare? are those still on the table? >> i will not talk about specifics that may be in the package. it is will report in the discussions with speaker boehner we were willing to entertain the cost of living adjustment. but, the overall package, w
CNN
Jan 21, 2013 7:00pm PST
understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. ♪ obama's on fire ♪ obama's on fire ♪ he's walking on fire >> alicia keys' amazing performance. the president and first lady are back at the white house. they've just gotten home after a big night and an historic day. we talked at the top about how president obama made history by acknowledging the struggle for equal rights for gay and lesbian americans and made it part of america's civil rights tradition. here's more of what the history books will record. >> our journey is not complete until our gay brothers and sisters are treated like anyone else under the law. for if we are truly created equal, surely the love we commit to one another must be equal as well. >> today's inaugural poem came from richard blanco, a cuban american who says negotiating his identity a
CNN
Jan 21, 2013 10:00pm PST
horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. to the best vacation sp(all) the gulf! it doesn't matter which of our great states folks visit. mississippi, alabama, louisiana or florida, they're gonna love it. shaul, your alabama hospitality is incredible. thanks, karen. love your mississippi outdoors. i vote for your florida beaches, dawn. bill, this louisiana seafood is delicious. we're having such a great year on the gulf, we've decided to put aside our rivalry. now is the perfect time to visit anyone of our states. the beaches and waters couldn't be more beautiful. take a boat ride, go fishing or just lay in the sun. we've got coastline to explore and wildlife to photograph. and there's world class dining with our world famous seafood. so for a great vacation this year, come to the gulf. its all fabulous but i give florida the edge. right after mississippi. you mean alabama. say louisiana or there's no dessert. this invitation is brought to you by bp and all of us who call the gulf home. it's lots of things. all
FOX Business
Jan 21, 2013 3:00pm EST
believes that's going to be the major thing to turn around the japanese economy. cheryl: i mean it's almost a currency war, if you will. i mean they are getting into a very crowded space, and with the pressure that we have seen in particular on the dollar, over the last two years, i mean, i'm wondering what that means for us. >> absolutely. they are starting to step on the toes of the fed. you know, the fed has been really priming the pump here, printing money, printing money in efforts to keep the dollar as weak as possible in this risk off type scenario market. so now some of these other central banks are now starting to fight back a bit, and the bank of japan has probably been the most aggressive in doing so with some of the easing that they have already done. cheryl: do you think they will do more easing? is that what you think is going to be the headline here? >> we have pretty much baked into the cake that they will be raising the inflation target to 2% from 1%. they are probably going to extend their asset purchases. they're really talking about different measures to dramatically wea
FOX Business
Jan 21, 2013 11:00pm EST
to think they do, they should resist and do the best they can without harming the economy. lou: with a brighter communication and messaging strategy, that would be helpful to the gop. the opposition as much in need these days. thank you very much for being here. that is it for us tonight. we thank you for being with us. please be with us tomorrow night. goododod night from new york. neil: welcome, everybody. i am neil cavuto sitting before what was the parade route and what was a very busy stand with the most powerful people on the planet behind that class and behind that building that is going to be taken down. pie by piece over the next 24 hours. where i am sitting in that building that was in view, the president and e vice president and their families were sitting there. it will be dismantled from scratch. there is no warehouse where they can put this stuff up. this day we commemorate the president starting his second term. a president who started with a pretty in-your-face agenda, be that as it may, if you thought that the president was going to slow down on some government
FOX Business
Jan 22, 2013 6:00pm EST
to make the world economy more green. that's $14 trillion. joining me now, the heritage foundation who focuses on energy, environmental regulatory issues. i have to tell you, you have to hear what they say. the former mexican president talking about the goal here. economic growth and sustainability are interdependent. you cannot have one without the other. what do you say? >> well, if that is the case what we need to subsidize it with taxpayer dollars? if this is such a profitable idea, if the green energy market is a multitrillion-dollar economy, then let the ceos and venture-capital this figure that out. while this been a your money in my money? it makes economic sense. this culture of promoting these ideas with government capitol only creates government welfare or corporate welfare and creates corporate dependence. gerri: companies that fail as we talked about some many times in the show. whether you're talking about solyndra or a number of others that our government financed. you would think that maybe these are just wacked-out the trees coming of the wild ideas. and back, this gre
MSNBC
Jan 15, 2013 7:00am PST
know, as the economy has gone down there's been more homicides in the area where i live and i see it happening in more places. >>> the president talked forcefully he will not negotiate about the debt ceiling. let me play what one of your republican colleagues told me about that yesterday. >> would you be willing if you don't get the cuts that you think are necessary, would you be willing to go into default or shut down the government? >> i think there is a way to avoid default, if it requires shutting down certain portions of the government, let's like at that. >> are you worried about a shutdown or worse, are you worried about default? >> i'm worried about both. default is like saying i ran up my credit card and now i'm not going to pay you it's going to be bad for the united states. i think we need to pay our xwils. that's the first thing. with respect to shutting down the government so we save money. we know anytime we shut down the government, we actually spend more money in the long run. i do believe we need or national parks or rangers there. i do believe that it is importan
CSPAN
Jan 19, 2013 11:05am EST
that if the financial system collapses, the economy is likely to collapse. we took those actions, learned from what happened in the 1930's. during the 1930's, in part because the world was still recovering from world war ii one, there was -- world war i, cooperation among central banks and governments was not very good. your audience may know about the tariff wars and all the things that happened. in a global crisis like this one, it is important to cooperate, according it as much as possible with policy makers around the world. -- cooperate as much as possible with policy makers around the world. on one date, five or six of the world's largest central banks' coordinated on an interest-rate cut. we of work with the central banks to make sure that they have enough dollars to lend for banks that need to use dollars in their transactions. cooperation has been very helpful in the latest episode. one less thing that occurs to me. one reason that the fed and other policymakers did not take more aggressive fundamental action to try to end the great depression was, they were afraid to do anything that was
CSPAN
Jan 19, 2013 12:05pm EST
the financial system of the american and global economy, 0.2% are not. their very existence threatens both economic and financial stability. and furthermore, to contain that risk, of regulators and many small banks are tied up in regulatory and legal knots in an enormous indirect and direct cost to them and the economy. 0.2%. if the administration and congress can agree on legislation that affects the 1% surely they can process a solution that affects the 0.2%. our view is that the time has come to change the decision making paradigm. there should be more than the two present solutions, bailout or the end of the world of the economy as we know it. the next financial crisis could cost more to -- more than two years of economic health and would be borne by more than 2 million extra u.s. taxpayers. the remedy is obvious. reintroduce market forces and level the playing field for all banking institutions. i am going to close by returning to patrick hence -- to patrick henry. "it is natural man to indulge -- it is natural for man to indulge in the illusion of hope." today we labor under the song
NBC
Jan 20, 2013 9:00am PST
and never take part in the industrial revolution? >> if your comparative advantage in the world economy is cheap manual labor, that is really precarious. a couple more ticks of moore's law. >> they can do similar things. >> the robots are getting more capable over time and cheaper over time. >> that could be devastating for india and china. >> it can. >> and maybe for us. >> i would rather have our problems than anybody else's problems right now the phenomenon you described is already taking place. you pointed out earlier that we've been shedding manufacturing jobs since about 1980 in this country, while output has gone up. what people don't realize is that the year peak manufacturing employment in china was 1996. they employ a lot fewer people now than they did then to make stuff. their manufacturing output is 77% greater than it was. >> now that you totally depressed us about the future of humanity, is there anything we can still do better than machines and will be able to for the foreseeable future? >> one of the things i learned is never say never. let me tell you what i've never se
FOX Business
Jan 18, 2013 11:00am EST
talking about it, investors should be focused on making money in the economy and corporate profits are healthy enough to do that. joining us now, start with this. why can you possibly say don't worry about washington because long-term interest rates go up, stocks will not be undervalued, they will not be cheap and that could hurt the stock market. >> this is a great point you are making, but we put, believe it or not, a 5% 10-year treasury yield into our stock market model. we are assuming interest rates soar from here. and stocks are still undervalued today. we can take a lot higher long-term interest rates put my real point about this is if we go back a few years, the first fiscal cliff, the 2010 tax cuts were going to end. the first debate over the downgrade. all of those things happened, and yet the market kept going up. same with the fiscal cliff this time, and i believe people are overly concerned about a lot of the things that are happening around the world. the economy continues to grow, the stock market is really cheap, and that is what investors should focus on. if you go
CSPAN
Jan 15, 2013 11:00pm EST
we can go back to the exciting ideas that can lead to the next waves in the economy. the other one is the political environment -- sorry. it can be hard to ignore, but were going to do it. another piece of the political environment, where we had the ability to fix the situation. we know to fix this. we needed a comprehensive dead deal that's big enough to stabilize the debt and we'll remember that. when you're trying to balance the budget. were not very. were not going to be there soon. you have to make sure that that's not faster than the economy and it's on a downward path and the problem is so big or too calm% year to look at every part of the budget. you have to look at defense spending. you have to clearly focused on health care costs, which go faster than the economy. we have to fix our social security system, which makes promises bigger than what we can pay out on the road. we have to raise revenues. we started down the path, but we haven't looked had to do about overhauling tax system, which would you want to raise revenue, you could do in could do in the way bad for the ec
CNN
Jan 20, 2013 6:00am PST
here in many respects, whether it is deficits, measures to help economy, immigration, gun safety legislation, there's huge support amongst all independents, democrats and republicans throughout the country. the barrier is there's factions here in congress, republicans in congress out of the mainstream. we need to bring the american people to-to-these debates. >> do you need to bring the american people into these debate buys suggesting evil motivation by your opponents? i think that's what -- you know, it's hard to see a president calling you for unity when he is suggesting that people who disagree with him don't disagree with him on policy but because they care more about the nra or they don't care, in the case of the debt ceiling, whether the country falls into recession again? is that the way to go about it? >> the debt ceiling it is truth. think about this, can dirk the first time in our country. >> reminding people president himself, when he was in the senate, voted against the debt ceiling, these people that he is suggest want the country to go into default are doing the sa
CNN
Jan 19, 2013 1:00pm EST
. defaulting on our fiscal obligations would hit the economy harder than that cliff we narrowly avoided and will face again. a report put out by jpmorgan in 2011 exploited the myth going around a few missed payments would be no big deal. they said any delay by the treasury would have ripple effects similar to the aftermath of the lehman brother collapse. not sure that's true but it's serious. this is all caused by the dell ceiling. the u.s. is the only other country other than denmark that uses this tool. that's why ben bernanke has joined critics questioning why the u.s. needs a debt ceiling. >> i think it would be a good thing if we didn't have it. i don't think that's going to happen. i think it's going to be around. but i hope that congress will allow the government to pay its bills. >> ron brownstein is cnn senior political analyst and editorial director at the "national journal." good to see you. the public debt stands at more than $16 trillion. in and of itself it may not be as serious a problem as some make it out to be, especially when it costs the government about 1.8% a year
FOX Business
Jan 22, 2013 5:00pm EST
with their best strategy and the outcome for both the market and the economy. don't go anywhere. more "money" coming up. ♪ twins. i didn't see them coming. i have obligations. cute obligations, but obligations. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares re, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. lori: all right. back to business in washington now republicans hold a big vote to whether or not to extend the debt limit until may. if congress doesn't pass a budget by april 15th they no longer get paid! i have no problem with that. our panel is here with their take on the strategy. we have our favorite economist, peter morici. the always amazing scott martin, chief market strategist with united advisors and former democratic congressman
MSNBC
Jan 15, 2013 9:00am PST
would be the united states economy and the potentially disastrous impact of failing to raise the debt ceiling brsh according to speaker boehner, the ends justify the means. in a statement yesterday, boehner asserted the consequences of failing to increase the debt ceiling are real, but so, too, are the consequences of allowing our spending problem to go unresolved. it was a response to this stern warning from the president on monday. >> they will not collect a ransom in exchange for not crashing the american economy. the financial well being of the american people is not leveraged to be used. >> if the tenor of the president's last press conference of his first term is any indication about what he expects in his second term, prepare for a bond-style showdown as the government barrels towards its borrowing limit. that said, there might exist a solution that would allow congress to do what it does best, which is to say nothing at all, and still save the economy. this do nothing approach was floated by senate minority leader mitch mcconnell in 2011, and president obama gave it a hat tip
CNBC
Jan 17, 2013 4:00am EST
stronger in the second half. >> for the economy? i think we have to divorce the economy from the market. >> have we been price thatting that out? >> we have to be clear that markets are totally different from the economy. for the markets, we're looking at 2% scenario. scenario a would be similar to 2012 where i think actually the economy doesn't do that well. the first half is difficult. second half is a bit better. we've still got the fed printing 5 billion a month. we could see a rerun of 2012. maybe mid to single high digit returns. >> did you get exposure of citi to bofa here? >> we wouldn't be. we're taking a little bit of money off the table or indeed i think we did. the level of implied volatility makes perfect sense here. >> we'll leave it here for now. thanks very much. over to you, ross. >> kelly, thanks for that. so we are just about an hour and 20 minutes into the trading day here in europe. you can see advancers just about outpace decliners by a ratio of 6 to 4 and we're up near the high point of the session which has dragged us back into prospect on that particular indices
CNN
Jan 22, 2013 1:00am PST
mission is to leave office like a ronald reagan, being the president who turned around an economy, restored the confidence of a nation in its place in the world. no. he turned inward. and he said my mission here is to pick up the legacy of martin luther king and expand it as i think you've noted. that's not something he needs to work with republicans in congress for. it is something he doesn't need money for, by the way. it is, you're right, a moral agenda. but it is a very left of center argument that he made today about government. and republicans are going to go after him on that. this was a warrior president today. he fought the fight. >> there was a more aggressive tone, you might say. let's play another moment from the speech. >> together we determine that a modern economy requires railroads and highways to speed travel and commerce. schools and colleges to train our workers. together we discovered that a free market only thrives when our rules to ensure competition and fair play. together we resolve that a great nation must care for the vulnerable and protect its people fro
MSNBC
Jan 18, 2013 6:00pm PST
the economy. actual real-world events. this, for example, is what happened to the vix on october 24th, 2008, that big red arrow there. that's when the stock market crashed in '08, one of the worst days of the great recession, record high vix. another spike happened may 20th, 20 2010 when there was sudden new that is europe's economy was even in worse shape than we thought. it spiked at a two-year high august 8th, 2011, when the u.s. credit rating got downgraded. republicans in congress threatened to default on our national debt and credit rating got downgraded. wall street freaked out. vix went way up. you can think of a high vix reading, a spike in the vix as a red light flashing. alert, alert. maybe your economy is tanking. maybe it isn't. but a lot of people on wall street have reason to believe that it is. panic. today, as he kicks off his inauguration weekend, president obama was given a great present by the vix. this is the present that vix gave to barack obama today to celebrate his inauguration as a second-term president of the united states. look. happy inauguration, mr. president.
CNBC
Jan 22, 2013 4:00am EST
in 2014. the moves do follow heavy pressure from shinzo abe despite reflation and a flagging economy. but the yen actually settled higher with some economists. look at that. that is suggesting they ended up almost 1.2% above the dollar. there's questions whether the 2% dollar stated can be achieved. now there's plenty more on the boj's inflation packed with the government live. hi. >> hi, kelly. the bank of japan and the government issued a joint statement that set a 2% inflation target today replacing its current 1% price. from japan's monetary policy has shifted into unexplored territory. the boj agreed to try and hit the 2% target as quickly as possible rather than over the medium to long-term. but the target will probably be difficult to meet. forecasts released by the bank showed that the consumer price index will rise to just 0.9% in the fiscal year starting in 2014. boj officials said that the 2% target will be possible if the country's growth potential is improved by further government reform. the joint statement is binding for both the government and the boj calling on both
FOX Business
Jan 21, 2013 1:00pm EST
on the economy and that, but not at the expense of social security, medicare, and medicaid >> we, the people, still believe that every citizen deserves a basic measure of security and dignity. we must make the hard choices to reduce the cost of health care and the size of our deficit. but we reject the belief that america must choose between caring for the generation that built this country and investing in the generation that will build its future. lori: the president giving his second inaugural address this morning. rich edson now joining us from washington d.c., and that was certainly a politically partisan address we heard from the president. >> reporter: well, it was a defense of the political theory, awaited the u.s. should be governed and should govern itself. i would almost characterize it as something along the lines of a response to what we heard from president reagan in 1981 when he said government is not the solution to our problems, it is the problem. president obama making the case that the government is not necessarily our problem. together we could do great things. together w
FOX Business
Jan 22, 2013 11:00am EST
to a better economy. keys to your house, a new house hopefully. connell: let's talk about the markets. nicole petallides starts us off as she does each day with stocks now. nicole: taking a look at a market that really has shown strength over the last seven of the past nine weeks. the dow trading as high as 13,682 prior to pulling back here into negative territory. we are seeing multi- year highs. while they see the trend to the upside, they rally to resist it levels. i wanted to take a look. it was lower in the free market. the cfo, chief financial officer, gave an outlook for 2013. it is now trading higher on this conference call. their wireless margins took a jump. a good outlook. back to you. dagen: thank you. congress is heading back to work just one day after president asked both parties to come together and stand behind his visions. connell: house republicans may be less than willing to join him. rich: so is the bipartisan goodwill. the effects of the inauguration starting to disappear a bit from washington. some tourists remaining in town. we expect them to drop the same lines we have
CNBC
Jan 16, 2013 7:00pm EST
including leadership quite honestly, larry, on the economy because a bad economy, unfortunately, doesn't give us the resources we need to allow for better interventions, let's say in mental health. let's look at a fellow democrat, the democrat from colorado who came out with a proposal to stream line their processes for identifying people who may be dangerous to themselves and others and also bolster mental health measures and initiatives. >> lars larson you're going to pose everything. what do you want? >> here's the problem. the president shamelessly surrounds himself with children and used them as props. ben seems uninformed on this. this young man didn't buy his firearm. he stole it from his mother after murdering his mother. the president's proposed bill to congress to ban the manufacture and sale of new sporting rifles, semiautomatic rifles and large capacity magazines wouldn't have done a darn thing to stop sandy hook or aurora, colorado. it would have done nothing. >> let me ask you this. if it were in effect -- now i don't even know, there's issues about pistol grips and there
CNBC
Jan 18, 2013 12:00pm EST
, nasdaq in the red as well. china fights back after seven straight quarters of slowing growth its economy shows signs of strength. john rutledge on the stocks you should be buying right now. the rematch. not satisfied after their big debate on intel dr. j. and joe are back to battle it out again. what really is the best play right now? but first our top story the next leg for stocks, will it be up or down? the dow has been up as i said six of the past seven days but with a huge week of earnings ahead can the run continue? we're trading today's market action with pete and john. pete, up or down? where is the market going? >> you know, obviously the easy answer would be we've had this huge run. i think we'll see a pullback now. i don't think that is the case. when you look at what the earnings have given so far, look at the financials holding up still above the 17 level on the xlf i'm looking at next week as a huge week of earnings. obviously plenty of names out there that are going to be very important to the next leg higher. so now we've got to get that next leg higher. looking at the vol
CSPAN
Jan 21, 2013 8:00am EST
repatriating money that's already taxed to the united states will boost our economy and allow us to create jobs here and maybe could be tie intoed creating an infrastructure bank, but we need some fundamental changes. belief it or not we care more than anything else about the health of the economy, so deficit reduction is really big for us. we support the simpson-bowles, we're the only association that does. it hurts etch, it's shared sacrifice, it's painful even for us but we need stability in our finances as a country, and every responsible business should stand up and say that, and we're urging both sides -- republicans and democrats -- to recognize the pain has to be spread around. there's some things, patent controls that effects innovation. basically, people don't produce anything but lawyers. it's not really a good way to get a society. and from the smallest start-up to the biggest economy everyone's saying we need more certainty, you shouldn't be putting people out of work in actively-of run companies if they're don't even think they're breaking someone's patent. there has to be some ce
FOX Business
Jan 15, 2013 7:00pm EST
at what is happening to the markets and the economy. fitch is warning of a possible u.s. downgrade the debt ceiling talks drag on. citigroup had will join us here in just moments. retail stocks rolling up better than expected holiday sales season. the dow jones industrials up 27 points on the day. the s&p managed a point gain but still reaching another five-year high. the nasdaq is down six, that is only slightly from yesterday. the commerce department reported retail sales rose a half precent in december, november sales also revised higher. apple is "the biggest loser" in the s&p 500 today, down more than 3% again. it's on yesterday's losses also reports of weak demand and apple shares closing today just under $486. apple stock with $702 is back on the 19th of september. crude oil down 86, just over $93 per barrel. gold of working for $5. going above $1683. the 10 year treasury down 1.3% in feel. margins beginning on a positive note this year. the s&p all 3% higher year-to-date. the economy showing signs of surprising strength and stability. where there was once weakness. joining
FOX Business
Jan 16, 2013 12:00am EST
invests to see our economy grow. the one silver bullet in deficit reduction is economic growth. we need to get out of this circle we're in right now and start talking about growth. how we start moving the economy forward because we'll never get out of the hole otherwise. melissa: stephen, that is a great point. do you move the economy forward and grow by raising taxes, do you think. >> president obama at one point believed we do not. he argued in twine and 2010 you would hurt economic growth if you raised taxes at time the economy was struggling. that is what he argued at time. melissa: what do you think, steven. raising taxes grows the economy or -- >> no, it does not grow the economy. we have to be serious how much the president contributed to overall debt picture. $6 trillion since he came to office. nearly $20,000 per united states citizen has been added since president obama came into office. so just silly to argue he hasn't contributed. melissa: blame game gets us nowhere because everybody contributed to it. god it is a mess and we have to fix it. when you hear people like nancy p
FOX News
Jan 22, 2013 2:00am PST
the economy. the economy some argue is not one of his priorities. >> if you look back in 2008 the median household income 52,546 dollars. three years into president obama's presidency the average for 2011 it dropped more than 2,000 dollars to 50,054. when you look at the numbers do you think the president should be more focused on the economy. john meachum is talking about it this morning. >> the most important g median household income over the last 12 years. without rectifiying that this will be an unmemorable presidency and potentially a significantly -- >> how is he going to do that in three years? how is he going to remedy that turn that around so the regular folks start to make more money? it seems to me almost impossible with these policies. >> i think we are all to blame here. a lot of people don't want to hear the hard truth. people don't want to pay more taxes they don't want to see these cuts. they don't want to embrace the simpson bowl kind of proposals. these are hard choices. you and i didn't run for president. he sought the job. he is a good man. i think you would agree wi
NBC
Jan 20, 2013 4:00pm PST
of the economy. i think the question is how much will these issues from washington, whether it's the debt ceiling, the sequester, the lingering uncertainty over the long-term budget picture undermine confidence, lower the valuations of u.s. companies because people just have less confidence in long-term trajectory. >> jared, president obama starts his second term next week. his inauguration, of course, monday. what has he done right in the last four years, in your view, what could he have done better or has he done wrong? >> four years ago right around this time when i was a member of the administration's economic team i was remembering just the juks of position about the great hope and expectations and just the real horror of what was going on in macro economy. gdp contracting at 9%, losing 700, 800,000 jobs per month. i think the president came in and hit very hard and broke the back of the great recession a lot sooner than people expected, certainly the financial markets were reflated much more quickly than -- and at less ek pence than people expected. and pretty soon, really by the second hal
MSNBC
Jan 15, 2013 1:00pm PST
the president's tactics those of a socialist who wanted to bring down the american economy? >> i think they would, and i appreciate your bringing the economy into it. the president did that yesterday. the more we talk about the debt ceiling after obsessing over the fiscal cliff, the more i look at the whole thing as a massive dangling the key or, you know, don't look over here at the real economy, which is where people would really like policymakers to be dealing, but look at this so-called fiscal crisis which doesn't even exist. the president very clearly, and i thought helpfully, spelled out the numbers yesterday and actually to get from where we are, given the spending cuts and tax increases that we've implemented so far, to where we need to be to stabilize the debt, is not that heavy a lift if we had a functional politics that was actually paying attention to what needs to be done instead of creating these ridiculous self-inflicted skirmishes and wounds. as you have correctly pointed out, you have even got conservatives spokespeople saying, look, this isn't going to happen, you're
MSNBC
Jan 21, 2013 2:30am PST
term with a global economy no longer in free fall. the current unemployment rate back to where it was when he first took office, 7.8%. the dow jones industrial average, now up more than 5,000 points compared to where it was in 2009. but also up, way up, the national debt. ballooning from $10 trillion during the first inauguration to more than $16 trillion yesterday. yesterday david axelrod said growing the economy is a priority for this administration. >> there is a larger priority, how do you create an economy, rebuild an economy in which the american dream, the american compact is fresh where people who work hard feel like they can get ahead. and that's not just about dealing with the fiscal crisis. it's about education. it's about research and development. it's about controlling our energy future. all of these are part of the equation. >> president obama has outlined debt reduction as a top priority heading into the second term. also high on his list, immigration reform. putting more emphasis on developing renewable energy and the most urgent for the president, gun control.
PBS
Jan 14, 2013 4:30pm PST
catastrophic results for many americans and the overall economy. he warned markets would go haywire if congress does not act, interest rates would rise, and checks to social security beneficiaries would stop. and he said even thinking about the u.s. not paying its bills is irresponsible and, "absurd". darren gersh reports. >> reporter: in his first news conference of the new year the president gave a harsh lecture to republicans about the need to raise the debt ceiling and he once again said there was no way he'd negotiate with congress about something it should do anyway. >> they will not collect a ransom in exchange for not crashing the american economy. the financial well-being of the american people is not leverage to be used. the full faith and credit of the united states of america is not a bargaining chip. >> reporter: republicans called the president hypocritical for saying he will not negotiate over the debt limit while blasting republicans for refusing to negotiate. and they fired back that the debate over the debt ceiling was the perfect time to consider legislation to cut spending.
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